STAMFORD, Conn., September 26, 2016 -
Pitney Bowes Inc. (NYSE:PBI) (the “Company”) today announced that its
subsidiary Pitney Bowes International Holdings, Inc. (“PBIH”) intends to
redeem all outstanding shares of its Voting Preferred Stock, Series F,
par value $0.01 per share (the “Preferred Stock”) on November 1, 2016
(the “Redemption Date”).

Pursuant to the terms of the Certificate of Designation governing the
Preferred Stock, the Preferred Stock is planned to be redeemed on the
Redemption Date at a redemption price per share equal to $1,000.5104,
representing a redemption price of $1,000 per share of Preferred Stock
plus an amount equal to all accumulated and unpaid dividends to the
Redemption Date.

This press release does not constitute an offer to sell, or a
solicitation of an offer to buy, any securities, and shall not
constitute an offer, solicitation or sale in any state or jurisdiction
in which such offer, solicitation or sale would be unlawful.

This document contains “forward-looking statements” about PBIH’s
intention to redeem the Preferred Stock. Forward-looking statements are
not guarantees of future performance and involve risks and uncertainties
that could cause actual results to differ materially from those
projected. These risks and uncertainties include, but are not limited
to: administrative difficulties in effecting the redemption of the
Preferred Stock; mail volumes; the uncertain economic environment;
timely development, market acceptance and regulatory approvals, if
needed, of new products; fluctuations in customer demand; changes in
postal regulations; interrupted use of key information systems; the
ability to protect the Company’s information technology systems against
service interruptions, misappropriation of data, or breaches of security
resulting from cyber-attacks or other events; management of outsourcing
arrangements; the implementation of a new enterprise business platform;
changes in business portfolio; the success of our investment in
rebranding the Company; the risk of losing some of the Company’s larger
clients in the Global Ecommerce segment; integrating newly acquired
businesses, including operations and product and service offerings;
foreign currency exchange rates; changes in our credit ratings;
management of credit risk; changes in interest rates; the financial
health of national posts; increased customs and regulatory risks
associated with cross-border transactions; and other factors beyond its
control as more fully outlined in the Company’s 2015 Form 10-K Annual
Report and other reports filed with the Securities and Exchange
Commission. The Company assumes no obligation to update any
forward-looking statements contained in this document as a result of new
information, events or developments.

About Pitney Bowes

Pitney Bowes (NYSE:PBI) is a global technology company powering billions
of transactions – physical and digital – in the connected and borderless
world of commerce. Clients around the world, including 90 percent of the
Fortune 500, rely on products, solutions and services from Pitney Bowes
in the areas of customer information management, location intelligence,
customer engagement, shipping, mailing, and global ecommerce. And with
the innovative Pitney Bowes Commerce Cloud, clients can access the broad
range of Pitney Bowes solutions, analytics, and APIs to drive commerce.
For additional information visit Pitney Bowes, the Craftsmen of
Commerce, at www.pitneybowes.com.

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